Property Overview: 51 Shier Drive, River West Park, Winnipeg
Key Characteristics & Appeal
This home presents a compelling value proposition centered on space and location. Its primary appeal lies in offering significantly more room—both indoors and outdoors—than typical Winnipeg homes, while being situated in a well-established neighborhood.
The 2,530 sqft living area is notably spacious, ranking in the top 5% of the River West Park neighborhood and the top 3% city-wide. The lot size of over 15,000 sqft is an even greater standout, placing in the elite top 2% of all Winnipeg properties, offering exceptional outdoor potential. Built in 1976, the home is of a standard vintage for its area.
A key perspective is its value positioning. While the home is spacious, its current assessed value ($536k) is below the average for its own street, yet above averages for the neighborhood and city. This suggests you are acquiring a property with above-average physical attributes for the area, potentially at a more accessible entry point than some direct neighbors. It recently sold for an estimated $750k-$800k, indicating strong market recognition of this value.
This property would best suit buyers prioritizing generous interior space and a large, private yard over a brand-new build. It’s ideal for families seeking room to grow, or anyone valuing outdoor space for gardens, recreation, or future additions. The data suggests it offers a "more house for the money" within a desirable community.
Frequently Asked Questions
1. Why is the assessed value lower than the street average?
Assessment values are for municipal tax purposes and consider many factors, including specific home features, condition, and recent sales. A lower assessment relative to street peers can sometimes indicate an opportunity, but it’s essential to view the property in person and consider recent sale prices for true market value.
2. How does the recent sale price compare?
The home sold in late 2023 for an estimated $750,000 to $800,000. This placed its sale price in the top 2% for the neighborhood and city-wide, showing that the market valued it significantly above its assessed value and area averages.
3. What does the lot size actually offer?
At 15,249 sqft, the lot is nearly double the neighborhood average and over twice the city average. This allows for extensive landscaping, large decks or patios, recreational space like a sport court or pool, and significant privacy—a rare find in the city.
4. Is the living area efficiently laid out?
The data confirms the home's size is well above average, but the layout and room functionality are not detailed in statistics. Viewing the property or seeking floor plans is necessary to understand if the square footage meets your specific needs for bedrooms, common areas, and flow.
5. How can I get the exact historical sale prices?
Due to industry regulations, exact sold prices are not published automatically on this site. You can request the full transaction history and exact figures via email from the provider, who will manually look up the data and send it to you.